Shocked, Shocked!! Corporations Committed To Ending Deforestation By 2020 Will NOT Hit Goals!!

[hatrack]

Major corporations that have committed to eradicating tropical deforestation from their operations by 2020 are not going to meet their self-imposed deadline, a report says. The Global Canopy’s “Forest 500” report assesses the 350 most influential companies in forest-risk commodity supply chains and the 150 financial institutions that support them, focusing on four commodities: cattle, palm oil, soy, and timber (including pulp and paper).

With tackling deforestation seen as an important part of the fight against climate change, nearly half of the 500 assessed companies have made commitments to eliminate deforestation from agricultural supply chains by 2020 or earlier, in line with high-profile collective commitments such as the Consumer Goods Forum and the New York Declaration on Forests.

But as the deadline nears, none of the companies and financial institutions assessed in 2018 is on track to eliminate commodity-driven deforestation from their supply chains and portfolios by next year, the Global Canopy report says.

“The most powerful companies in forest-risk supply chains do not appear to be implementing the commitments they have set to meet global deforestation targets,” Global Canopy supply chain researcher Sarah Rogerson, the lead author of the report, told Mongabay. The report, released March 20 for International Forest Day, concluded that the 2020 goal simply couldn’t be met.

EDIT

https://news.mongabay.com/2019/03/companies-to-miss-2020-zero-deforestation-deadline-report-says/